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Showing 1 - 10 of 19 results for "Medicare Levy"

COVID-19 stimulus continues

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... 2020. Frydenberg said the payments are designed to help low income households with the impacts of COVID-19. The Medicare levy low income threshold has increased, meaning more individuals and families will have more access to Medicare. The government ...

Pandemic response concerns overblown

HARRISON WORLEY  |  FRIDAY, 3 APR 2020
... billion. How could we pay for that?" Richardson asks. "To take a simple example, you could pay for that by raising the Medicare levy from today's 2%. It would have to go all the way up... to 2.14%." What's more, Richardson said Australia may not even ...

Is it time to lean on the Future Fund?

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... the two will depend on the government at time, but one of the solutions could be increasing receipts such as the Medicare levy as has been done in the past. For Hutley, drawing upon Future Fund is almost a non-question. "Future Fund was set up to meet ...

Australia in effective recession: Academic

KANIKA SOOD  |  THURSDAY, 7 MAR 2019
... run-up to the election and Australian taxpayers are unlikely to face a rise in taxes. "After all, the increase to the Medicare Levy was axed last year," he said.

Advice firm runs rule over Labor policy

DARREN SNYDER  |  FRIDAY, 7 DEC 2018
... rate is not discounted, but the 30% tax rate is now lower than the 25% discount to the top marginal tax rate plus Medicare levy of 35.25%," he added. On the potential loss of franking credit tax refunds, Philpot said this measure disadvantages those ...

Labor franking credit changes fair but not the best: Grattan

KANIKA SOOD  |  MONDAY, 26 NOV 2018
... doesn't qualify them to receive full Age Pension can pay some income tax. It also wants seniors to start paying the Medicare levy when they become liable to pay some income tax. "They would then pay a similar amount of tax to younger workers with ...

Budget 2018: Social media reaction

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... HLB Mann Judd pointed to the Budget benefits for small-to-medium enterprises. The proposed 0.5% increase to the Medicare Levy will not proceed #budget2018 #budget18 @BentleysOzNZ #thinkingahead - Bentleys Australia (@BentleysOzNZ) May 8, 2018 Financial ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... treaties in addition to special withholding tax rate for Passport funds like last year. The FSC has also opposed a Medicare Levy increase. It also wants the government to facilitate the rationalisation of legacy products in financial services, involving ...

Traditional advice strategies pose retirement risk

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JAN 2018
... will now be able to claim a tax deduction. Those with income levels above $87,000 and in the 39% tax bracket (incl. Medicare levy), the tax benefit of the contribution is 24%, but the individual personally receives the 39% benefit," Philpot explained. ...

Discretionary trusts crackdown short-sighted

KARREN VERGARA  |  FRIDAY, 4 AUG 2017
... how much tax they have to pay," he said. "We already have some shared tax arrangements in place, such as for the Medicare Levy Surcharge which is assessed on the combined income of couples. Furthermore, the Federal government has flagged its intent to ...
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